Blog Details

image

Joe Biden's Trillion-Dollar Stimulus Bill Pushes Miami Mayor to Buy Bitcoin

Miami Mayor Francis Suarez has revealed that he bought bitcoin and ether right after the $1.9 trillion stimulus bill passed the Senate, heading to President Joe Biden’s desk to be signed. He said bitcoin “is definitely going to go up … because I don’t think people are going to want to stay in dollar-denominated currencies.” Mayor Suarez is also working to make Miami a “crypto city.” Miami’s Mayor Personally Bought Bitcoin Miami Mayor Francis Suarez revealed at the 2021 Ethereal Summit last week that he purchased bitcoin right after the $1.9 trillion coronavirus relief stimulus package passed the Senate in March. In an interview with Decrypt Editor-in-Chief Dan Roberts and FTX CEO Sam Bankman-Fried, Mayor Suarez was asked whether he had already purchased bitcoin since he indicated in February that he would soon be ready to buy some cryptocurrencies. The mayor confirmed: I did buy, thankfully. I bought bitcoin and ethereum. I didn’t buy DOGE, but I did buy bitcoin and ethereum, and I bought it literally the day — I’ll never forget the moment — it was the day that the $1.9 trillion spending bill passed the Senate and it was going to the president’s desk. “I said I’m buying. That’s it. If the federal government’s going to spend $1.9 trillion then I think I need to have some, and this is definitely going to go up,” he shared.